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831 Russell Avenue

Updated Sep 8, 2026

Don Vicini And Josh Vicini Acquire Office Property In Gaithersburg For $3.35M From Finmarc Management
SOLDOffice

Don Vicini And Josh Vicini Acquire Office Property In Gaithersburg For $3.35M From Finmarc Management

831 Russell Avenue

$3,350,000

$275/SF

Building Size

12,155 SF

Asset Type

Office

Closing

Sep 2, 2026

About this deal

AI

The property asset involved in this transaction is an office space located at 831 Russell Avenue in Gaithersburg, MD. The sale price for this commercial property was $3,350,000, and it encompasses a total area of 12,155 square feet, resulting in a price per square foot of $276.

Summary of transaction details:

KLNB facilitated the transaction, transferring the property from Finmarc Management Inc to buyers Don Vicini and Josh Vicini. This sale showcases the involvement of multiple brokers, specifically Kenneth Fellows, Robert Pugh, and Lucas Glaeser from KLNB, who handled the arrangement of the sale.

Players

Kenneth Fellows

KLNB

Broker

$125.7M

vol

8 deals

Broker
Finmarc Management Inc
Finmarc Management IncSeller

Leonardtown Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $275 per square foot on a published $3.4M for 12,155 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.74%

Cash-on-Cash

-1.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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